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Monthly Archives: June 2018

US isolated at G7 meeting as tariffs prompt retaliation

Alice Chiche | AFP | Getty Images Flags fly over the Fairmont Le Manoir Richelie hotel, the location for the G7 summit, in La Malbaie, Quebec on June 1, 2018. The United States’ closest allies attacked the Trump administration on Friday for imposing tariffs on steel and aluminum imports and …

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Ireland gives Britain two weeks to produce Brexit border proposals

Getty Images | Artur Widak | NurPhoto Simon Coveney, the new Irish deputy prime minister, arrives at the Mansion House in Dublin. Britain must submit written proposals on how it plans to keep a frictionless border on the island of Ireland after Brexit in the next two weeks or face …

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Spotify abandons R. Kelly policy of removing artists on conduct

Andrew Burton | Getty Images Daniel Ek, CEO and Founder of Spotify Spotify is abandoning its controversial policy to remove artists from playlists based on questionable conduct, the music streaming service announced Friday. “We don’t aim to play judge and jury,” the company said in a blog post. “We aim …

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Gaming stocks are on fire, and trader says EA could hit all-time highs

As the video game industry gears up for the E3 Expo in Los Angeles that begins June 12, TradingAnalysis.com founder Todd Gordon said Electronic Arts is the gaming stock to play into the event. Here’s why: • EA is up 26 percent year to date and hovering near all-time highs. …

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Ron Conway, one of tech’s top power brokers, is scaling back investing

Noah berger | Bloomberg | Getty Images Ron Conway, founder of SV Angel Ron Conway, one of San Francisco’s top tech power brokers, is taking a step back from tech investing. SV Angel, an early-stage venture capital firm founded by Conway, said Thursday it won’t be raising another fund. Conway …

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South Africa minimum wage the beginning of a difficult process: Nene

Simon Dawson | Bloomberg | Getty Images South Africa’s Minister of Finance Nhlanhla Nene speaks to reporters at an investor event in London, U.K., on March 13, 2018. South Africa is one of the most unequal societies in the world. According to the World Bank, the poorest 20 percent of …

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Apple won’t end up like Nokia because of its premium brand, UBS says

Drew Angerer | Getty Images Tim Cook, chief executive officer of Apple, attends the annual Allen & Company Sun Valley Conference, July 6, 2016 in Sun Valley, Idaho. Apple shares will rise as consumers buy more expensive iPhones, according to one Wall Street firm. UBS raised its price target to …

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Trump says he’s ‘looking forward’ to seeing Friday’s employment numbers

Leah Millis | Reuters President Donald Trump holds a Make America Great Again rally at Nashville Municipal Auditorium in Nashville, Tennessee, U.S., May 29, 2018. President Donald Trump sounded an optimistic tone ahead of Friday’s pivotal May nonfarm payrolls release from the government. About an hour before the 8:30 a.m. …

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Google blames Wikipedia for linking California GOP to Nazism

Patricia de Melo Moreira | Getty Images People pass by the Google logo at the Web Summit in Lisbon on November 8, 2017 Google has blamed “vandalism” on Wikipedia for a search result that linked the California Republican Party to Nazism. House Majority Leader and California GOP Representative Kevin McCarthy …

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Deutsche Bank CEO insists financial strength is ‘beyond doubt’ despite rating downgrade

Kai Pfaffenbach | Reuters 2016A statue is seen next to the logo of Germany’s Deutsche Bank in Frankfurt, Germany. Nonetheless, in in his letter to staff Friday, Sewing insisted that credit and market risk levels had rarely been so low, speculation it was exposed to Italian turmoil was unfounded and …

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